Grasim Q3 PAT up 44% to Rs 2,516 cr on strong show by Ultretech, AB Capital

Revenue rises 17% to Rs 28,638 cr; cheaper imports from Indonesia create pressure on domestic prices

Aditya Birla group's Grasim Industries today announced a 17 percent rise in its consolidated revenue for the December quarter at Rs 28,638 crore and profit after tax of Rs 2,516 crore, up 44 percent  -- driven mainly by strong performance of its subsidiaries – UltraTech Cement and Aditya Birla Capital.

The net profit for the quarter includes a fair value gain of Rs 1,492 crore recognised by Aditya Birla Capital, a subsidiary, post the acquisition of 9.99 per cent stake by Abu Dhabi Investmentl Authority’s entities in Aditya Birla Health Insurance. Excluding the  gain, the company’s net profit stood at